Streetbeat News

Revenues

NDSN

Nordson Corporation has revised its FY23 revenue growth guidance to 0-2%, down from its previous forecast.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:31 pm

TPCS

TechPrecision Corporation (TPCS) reported Q1 EPS of $(0.06) and revenue of $7.37M. Net sales increased by 4% to $7.4M, with a 26% increase at Stadco and a 5% decrease at Ranor. The cost of sales was $6.7M, 7% higher due to higher manufacturing costs at Ranor. Gross profit was $0.7M, 15% lower than the same period last year. The company had $0.3M in cash and cash equivalents, a decrease since March 31, 2023. Total debt was $7.6M.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:19 pm

BWMN

Bowman Consulting Group Ltd. (BWMN) and its partner H.W. Lochner have received an additional $4.9 million in funding from the Illinois Department of Transportation for the Phase III Route I-80 Corridor Management Program. This brings the total obligated under the agreement to $6.9 million, with a remaining $23.1 million to be authorized as determined by the department. The $1.2 billion project, funded by the Rebuild Illinois Capital Program, aims to improve old roadway infrastructure, rehabilitate bridges, and reduce congestion.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:11 pm

MIGI

Mawson Infra Gr (NASDAQ:MIGI) reported Q2 sales of $10.60 million, a 46.41% decrease from $19.78 million in the same period last year. However, the company's self-mined BTC revenue increased by 78% Q/Q to $4.9 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:06 pm

HII

Huntington Ingalls Industries (HII) has been awarded a $138M U.S. Air Force task order to support planning and acquisition of critical warfighting capabilities. This contract could potentially boost HII's revenues and profitability.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 7:32 pm

CHDN

JMP Securities analyst Jordan Bender reiterated a Market Outperform rating on Churchill Downs Inc (CHDN) with a price target of $155. The company's pending $250 million acquisition, Exacta Systems, announced the first-ever electronic historical horse racing (HHR) table games through a partnership with Interblock. The analyst believes CHDN HHR revenue will drive robust growth, increasing at an attractive 46% CAGR through 2025. The addition of HHR tables could generate an incremental $300 million revenue, 10% above the analyst’s current 2025 estimate.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 6:38 pm

CMCSA

DIS

NFLX

SONY

WBD

A US District Judge has ruled that artworks created by AI do not qualify for copyright protection. This decision comes amidst fears of studios using AI to replace human writers. The ruling has implications for companies like Netflix Inc (NASDAQ:NFLX), Walt Disney Co (NYSE:DIS), Warner Bros Discovery Inc (NASDAQ:WBD), Comcast Corporation (NASDAQ:CMCSA), and Sony Group Corp (NYSE:SONY), who are integrating AI into their operations. The ruling could potentially affect the revenues of these companies.

Portfolio Pulse from AJ Fabino

August 21, 2023 | 4:33 pm

ABNB

DAL

DIS

By 2033, the travel industry is expected to account for more than 11.6% of the global economy, totaling $15.5 trillion, according to the World Travel & Tourism Council (WTTC). The industry is projected to provide employment to 430 million people, making up 1 in every 9 jobs worldwide. The U.S. travel industry will reach $3 trillion by 2033, representing 10.1% of the economy, while China's sector will grow to $4 trillion, accounting for 14.1% of the country's economy.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 3:35 pm

AMZN

DIS

KHC

META

MPW

ODFL

SCU

TSLA

WMT

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

WWE

WrestleMania 40 has broken the WWE all-time gate record in one day, surpassing the $21.6M record set earlier this year. The event, held at Lincoln Financial Field in Philadelphia, sold more than 90,000 tickets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:05 pm